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Finance & Accounting
TallyPrime
TallyPrime logo
Finance & Accounting

TallyPrime

TallyPrime is a comprehensive business management software developed by Tally Solutions, primarily serving small and medium-sized businesses across various industries. It functions as an integrated accounting and inventory management system that automates financial operations, compliance reporting, and business process management. The software handles core accounting functions including ledger management, invoicing, banking, and taxation while providing robust inventory tracking, order processing, and multi-location stock management capabilities. TallyPrime is particularly popular in markets like India where it supports local tax compliance requirements including GST filing. The platform offers both desktop and cloud deployment options, with features designed to streamline business operations through automation, real-time reporting, and regulatory compliance tools. Its user-friendly interface and extensive customization options make it accessible to businesses without dedicated IT departments while still offering the depth needed for complex enterprise operations.

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📊 At a Glance

Pricing
Paid
Reviews
No reviews
Traffic
≈1.5M visits/month (public web traffic estimate, Similarweb data 2024)
Engagement
0🔥
0👁️
Categories
Finance & Accounting
Finance & Accounting

Key Features

Integrated Accounting and Inventory

Combines financial accounting with complete inventory management in a single platform, allowing real-time synchronization between financial transactions and stock movements.

Comprehensive GST Compliance

Automates Goods and Services Tax calculations, return filing, and compliance reporting specifically designed for the Indian taxation system with support for all GST regimes.

Multi-Company Management

Allows management of multiple companies within a single installation with consolidated reporting and the ability to share common masters across entities.

Powerful Reporting and Analysis

Offers extensive built-in reports including financial statements, inventory summaries, ratio analysis, cash flow statements, and customizable business insights.

Remote Access and Mobility

Enables secure access to business data from anywhere through Tally.NET services with browser-based access and mobile-friendly interfaces.

Customization and Integration

Supports extensive customization through Tally Definition Language (TDL) and offers API integration with e-commerce platforms, banking systems, and other business applications.

Pricing

TallyPrime Silver (Single User)

One-time license fee (typically around ₹18,000 for Indian market, international pricing varies)
  • ✓Single user access
  • ✓Basic accounting features
  • ✓Inventory management
  • ✓Financial reporting
  • ✓Tax compliance (GST for India)
  • ✓Data backup and restore
  • ✓Local installation only

TallyPrime Gold (Multi-User)

One-time license fee (typically around ₹54,000 for Indian market, international pricing varies)
  • ✓Multi-user concurrent access
  • ✓All Silver features plus networking capabilities
  • ✓Remote access capabilities
  • ✓Advanced inventory features
  • ✓Multi-company data management
  • ✓Enhanced reporting and analytics
  • ✓Data synchronization across locations

TallyPrime Release 6.0 (Cloud)

Subscription-based (contact sales for exact pricing)
  • ✓Cloud-based access via Tally.NET
  • ✓Anywhere, anytime access
  • ✓Automatic updates
  • ✓Enhanced security features
  • ✓API integrations
  • ✓Mobile accessibility
  • ✓Priority support
  • ✓Regular feature enhancements

Traffic & Awareness

Monthly Visits
≈1.5M visits/month (public web traffic estimate, Similarweb data 2024)
Global Rank
##15,243 global rank by traffic, Similarweb estimate
Bounce Rate
≈42% (Similarweb estimate, 2024)
Avg. Duration
≈00:03:45 per visit, Similarweb estimate, 2024

Use Cases

1

Small Business Accounting and Compliance

Small business owners and accountants use TallyPrime to manage complete bookkeeping, generate invoices, track expenses, and ensure tax compliance. The software automates routine accounting tasks, generates required financial statements, and prepares tax returns specifically for markets like India with complex GST requirements. This reduces manual work, minimizes errors, and ensures timely compliance with regulatory filings.

2

Retail and Wholesale Inventory Management

Retailers and wholesalers utilize TallyPrime's integrated inventory system to track stock levels across multiple locations, manage purchase orders, process sales invoices, and analyze product performance. The real-time inventory updates linked to financial transactions help maintain optimal stock levels, prevent stockouts, and provide accurate cost of goods sold calculations for better pricing decisions.

3

Manufacturing Business Operations

Manufacturing businesses employ TallyPrime to manage raw material procurement, production processes, finished goods inventory, and cost accounting. The software tracks material consumption, calculates production costs, manages work-in-progress, and integrates with financial accounting to provide complete visibility into manufacturing profitability and operational efficiency.

4

Service Industry Billing and Project Accounting

Service-based businesses like consultants, agencies, and professionals use TallyPrime for time-based billing, project costing, and client account management. Features like cost centers and budgeting help track profitability by project or service line, while integrated accounting ensures accurate revenue recognition and expense tracking for service delivery.

5

Multi-location Business Consolidation

Businesses with multiple branches or locations use TallyPrime's multi-company features to manage separate entities while maintaining consolidated financial reporting. The software handles inter-branch transactions, centralized purchasing, and provides group-level visibility into performance across all locations, enabling better corporate governance and strategic decision-making.

6

Educational Institution Management

Educational institutions implement TallyPrime for fee collection management, expense tracking, payroll processing, and statutory compliance. The software handles complex fee structures, generates receipts, manages vendor payments, and produces financial reports required for educational regulatory bodies, streamlining administrative operations.

How to Use

  1. Step 1: Purchase and install TallyPrime from the official website or authorized partners, choosing between the desktop version for local installation or TallyPrime Release 6.0 for cloud-based access through Tally.NET services.
  2. Step 2: Configure your company profile by entering business details, financial year settings, taxation parameters (including GST settings for Indian businesses), and currency preferences according to your operational requirements.
  3. Step 3: Set up your chart of accounts by creating ledger accounts for assets, liabilities, income, expenses, and configuring inventory masters for stock items, units of measurement, and godown locations.
  4. Step 4: Begin daily operations by recording transactions through vouchers for sales, purchases, receipts, payments, journal entries, and inventory movements, with the system automatically updating all related accounts in real-time.
  5. Step 5: Generate financial statements and reports using the built-in reporting features, including balance sheets, profit and loss statements, cash flow statements, stock summaries, and statutory compliance reports for tax filing.
  6. Step 6: Utilize advanced features like budgeting, ratio analysis, cost center tracking, and multi-currency transactions for deeper business insights and international operations management.
  7. Step 7: Implement data security through user access controls, audit trails, and regular data backups, with options for remote access through Tally.NET when using the cloud-enabled version.
  8. Step 8: Integrate with external systems using Tally's API capabilities or through pre-built connectors for e-commerce platforms, payment gateways, and banking systems to automate data flow between business applications.

Reviews & Ratings

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At a Glance

Pricing Model
Paid
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